Chevron (NYSE:CVX) Raised to Buy at Tudor Pickering

Chevron (NYSE:CVX) was upgraded by investment analysts at Tudor Pickering from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has a $225.00 target price on the oil and gas company’s stock. Tudor Pickering’s price objective suggests a potential upside of 19.32% from the company’s current price.

Several other equities research analysts have also recently weighed in on CVX. Wall Street Zen upgraded Chevron from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Sanford C. Bernstein increased their price objective on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Argus set a $203.00 price objective on Chevron in a report on Tuesday, February 3rd. Jefferies Financial Group increased their price objective on Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $190.04.

Chevron Trading Down 0.9%

Shares of CVX stock opened at $188.57 on Thursday. The stock has a market capitalization of $375.68 billion, a PE ratio of 28.31, a P/E/G ratio of 1.41 and a beta of 0.60. Chevron has a 1-year low of $132.04 and a 1-year high of $214.71. The business has a 50-day moving average of $191.51 and a 200 day moving average of $167.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. The company had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.Chevron’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.06 EPS. As a group, sell-side analysts anticipate that Chevron will post 10.79 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Andrew Benjamin Walz sold 22,200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $176.53, for a total value of $3,918,966.00. Following the completion of the transaction, the insider owned 666 shares in the company, valued at $117,568.98. This trade represents a 97.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the transaction, the insider owned 11,337 shares of the company’s stock, valued at $2,130,449.04. The trade was a 92.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 782,607 shares of company stock worth $146,510,571 over the last quarter. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CVX. United Bank raised its stake in Chevron by 7.7% during the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock valued at $1,586,000 after buying an additional 796 shares during the last quarter. Schnieders Capital Management LLC. raised its stake in Chevron by 9.0% during the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock valued at $7,280,000 after buying an additional 4,214 shares during the last quarter. BCS Private Wealth Management Inc. purchased a new position in Chevron during the second quarter valued at $240,000. Frisch Financial Group Inc. raised its stake in Chevron by 52.1% during the second quarter. Frisch Financial Group Inc. now owns 5,356 shares of the oil and gas company’s stock valued at $767,000 after buying an additional 1,834 shares during the last quarter. Finally, BNP Paribas raised its stake in Chevron by 76.4% during the second quarter. BNP Paribas now owns 441 shares of the oil and gas company’s stock valued at $63,000 after buying an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Confirmed oil discovery at the Bandit prospect in the Gulf of America bolsters Chevron’s deepwater growth optionality and potential future production/tie‑back opportunities. Chevron Confirms Major Oil Discovery in the Gulf of America
• Positive Sentiment: Short interest fell materially in March (down ~14.5% to ~21.0M shares; days‑to‑cover ~1.3), reducing one potential source of near‑term downside pressure.
• Positive Sentiment: Chevron approved the ~$690M Aseng gas project, strengthening its LNG growth profile and future cash‑flow diversification. Chevron Approves $690M Aseng Gas Project to Boost LNG Supply
• Neutral Sentiment: Street estimates are split: some reports forecast a Q1 upstream boost (+$1.6B–$2.2B) from higher oil/gas prices, supporting earnings upside if prices hold. Chevron forecasts up to $2.2 bln boost to upstream earnings from higher prices in Q1
• Neutral Sentiment: Analysts warn Q1 will be “noisy” with offsetting forces (price tailwinds vs hedging/volatility); the report due May 1 is a likely catalyst. Chevron Q1 Earnings Will Be ‘Noisy’ As Headwinds Reverse To Tailwinds: Analyst
• Negative Sentiment: Chevron warned that Middle East volatility and related effects (including hedging) could hit Q1 earnings and cash flow materially — management cited an adverse impact in the multi‑billion‑dollar range, prompting UBS to cut near‑term forecasts. Chevron flags multi-billion-dollar hit from Middle East volatility
• Negative Sentiment: Public commentary highlights hedging risks and potential earnings drag from geopolitical disruptions, adding downside risk to near‑term prints. Chevron sees Iran war oil boost, warns hedging to weigh
• Negative Sentiment: Wall Street previews suggest EPS could be down double digits in Q1 absent favorable price offsets, increasing the chance of volatile reaction at the report. Chevron’s Quarterly Earnings Preview: What You Need to Know

Chevron Company Profile

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.